global decorative film market

Global Decorative Film Market to Post a Sluggish CAGR of 1.97% between 2018 and 2023 – QY Research

Author: QYResearch | Published Date: 2018-11-07| Views: 45

The market is likely to maintain this trend during the forecast period 2018-2023. Compared to the previous year, the global Decorative Film market managed to increase its size by 3.94% to a US$ 641.77 Mn in 2017 from a US$ 617.45 Mn in 2016. Overall, the performance of the global Decorative Film market is positive, despite the weak economic environment.

Global Decorative Film Market: Market Drivers

The Decorative Film industry development trends and marketing channels are analyzed in this report. The authors of the report provide statistical data on the current status of the industry as a valuable guide and direction for companies and individuals interested in the global Decorative Film market.

Product development and technological innovation are foreseen to create a wealth of business prospects in the global Decorative Film market. High investment in technology could also help the global Decorative Film market to achieve growth in the near future. The packaging industry is predicted to make a significant contribution to the global Decorative Film market by increasing the demand for decorative surface film. Besides packaging, the global Decorative Film market could gain from the increasing use of the products in other industries such as chemical, medical devices, electronic devices, pharmaceutical, and food and beverages.

Global Decorative Film Market: Key Takeaways

Decorative Film refers to the architectural window film. Decorative window films are installed on the inside surfaces of glass and known to resist scratches. They allow glass to serve as a barrier that maintains transparency without sacrificing confidentiality, privacy or visual separation.

Global Decorative Film Market: Forecast

The global Decorative Film market is expected to reach a US$ 726.99 Mn by 2023 from a US$ 659.30 Mn in 2018, growing at a CAGR of 1.97% from 2018 to 2023. The market volume is expected to touch 79,977 Kilo Sq.m by 2023 from 65,892 Kilo Sq.m in 2018.

Global Decorative Film Market: Forecast by Competition Status

Eastman is the world’s leading manufacturer operating in the global Decorative Film market with the market share of 10.55% in terms of production followed by 3M, Solar Gard-Saint Gobain and Madico.

Global Decorative Film Market: Forecast by Region

The Decorative Film industry is relatively concentrated as manufacturers are mostly present in North America, Europe and APAC. Among these regions, North America’s production volume accounted for a more than 40% of the total production volume of the global Decorative Film market in 2017.